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  • The Board of Directors

    • OM-2.2.3

      The Board of Directors must be aware of the major aspects of the bank's operational risk as a distinct and controllable risk Category.

      Amended: July 2011
      October 07

    • OM-2.2.4

      The responsibilities of the Board of Directors of the bank must include:

      (a) Approving the bank's operational risk strategy;
      (b) Periodically reviewing the bank's operational risk strategy;
      (c) Approving the basic structure of the framework for managing operational risk; and
      (d) Ensuring that senior management is carrying out its risk management responsibilities.
      October 07